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140 Elmwood Rd, Swampscott MA 01907

$1,649,000

Estimated $3,825/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $824,500

Total Rent: 0/year

Estimated CAP Rate:

7 Bedrooms

Baths

4364

Total Parking: 4 (2 Garage)

10,193 (0.23)

Introducing a rare gem of coastal living in the historic Olmsted District: a multifamily Victorian just a stroll away from the ocean's embrace, farmers market, restaurants, and shops. This captivating residence blends classic charm with modern convenience, offering an unparalleled lifestyle experience. Nestled behind the main house lies a large carriage house, with a spacious heated artist loft as well as parking and storage. Step inside the main residence to discover exquisite hardwood floors and timeless architectural details that harken back to a bygone era. This property won an award for excellence in restoration and features an additional artist studio in the basement! Multiple decks and porches beckon you outside, as does the large yard. Beyond its aesthetic appeal, this property is a savvy investment opportunity, with rental units poised to generate substantial income. Or convert it to a magnificent single. Income potential & undeniable allure as your own home!

This home has been viewed 97 times

Last Checked: October 7th, 2024 at 4:14pm (Source: MLS PIN #73230902)

Gross Income: $0

Gross Expenses: $13,815

Net Income Calc: $13,815

Annual Expenses for 140 Elmwood Rd, Swampscott MA 01907

Total Gross Expenses (Calculated)$13,815/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13815.58

Annual Income & Unit Breakdown for 140 Elmwood Rd, Swampscott MA 01907

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 140 Elmwood Rd, Swampscott MA 01907

Listing ID73230902

Property TypeMulti Family

Price1649000 ($377.86/SqFt)

StyleMulti Family

CitySwampscott

CountyEssex

MLS AreaOlmsted Historic District

Neighborhood(s)

Approximate Living Area Total4364

Approximate Lot Size (Acres)0.23

Total Parking4 (2 Garage)

Garage Parking2

Year Built1890

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningA2

Water Views

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 140 Elmwood Rd, Swampscott MA 01907

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsWasher And Dryer Are Not Included

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)Lender Owned

Buyer Agent Compensation2

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 140 Elmwood Rd, Swampscott MA 01907

Real Estate Taxes13815.58

Tax Year2024

Assessed Value$1,202,400

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 140 Elmwood Rd, Swampscott MA 01907

Neighborhood(s)

MLS AreaOlmsted Historic District

Area AmenitiesWalk/jog Trails

Contact Information for 140 Elmwood Rd, Swampscott MA 01907

Agent

Name: The Pallotta Group

Office

Name: Leading Edge Real Estate

Phone: 781-729-5505

Payment Calculator

, Interest

Property Taxes 1151.3

Principal & Interest 10160.61

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Leading Edge Real Estate

The Pallotta Group

Agent Phone

Office Phone

(781) 729-5505

Text Agent Call Agent Call Office

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    [unparsed] => 140 Elmwood Rd, Swampscott MA 01907
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EXIT

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